Port of Tauranga sees flat underlying earnings in 2014, dairy exports lagging after botulism scare

Thu, 24 Oct 2013

Oct. 24 (BusinessDesk) - Port of Tauranga, the country’s biggest export port, expects annual earnings to be broadly in line with a year earlier, and has seen a lag in dairy shipments after the false botulism scare in August. The company forecasts annual earnings of between $77 million and $80 million in the 12 months ending June 30 2014, chief executive Mark Cairns told shareholders at today’s annual meeting in Tauranga. That compares to underlying earnings of $77.2 million in 2013. Cairns said first-quarter net profit was about the same a...

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